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Best Demat Account for Beginners in India 2026

For first-time investors, what matters is a simple app, low/zero AMC and fast onboarding — ranked accordingly.

  1. #1

    Groww

    Cleanest beginner UX, zero AMC, mutual funds + stocks in one app, account opens in minutes.

    Delivery: ₹20/trade or 0.1% (whichever is lower)F&O: ₹20/tradeMTF: ~14.95% p.a.AMC: ₹0 (free)
    Groww charges & review →
  2. #2

    Angel One

    Free first-year AMC plus bundled research and stock ideas — useful guardrails for new investors.

    Delivery: ₹20/trade or 0.1% (lower, min ₹5)F&O: ₹20/tradeMTF: ~14.99% p.a.AMC: ₹0 first year, then ₹240/year
    Angel One charges & review →
  3. #3

    Upstox

    Free delivery and a polished app; ₹150 AMC. Good once you start trading more.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~18.25% p.a.AMC: ₹150/year
    Upstox charges & review →
  4. #4

    Zerodha

    Best-in-class platform and the Varsity education library — slightly steeper learning curve, ₹300 AMC.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~14.6% p.a.AMC: ₹300/year
    Zerodha charges & review →

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Rankings reflect Downstox's editorial assessment of verified public charges (March 2026) and are not paid placements. Verify current charges on each broker's site before opening an account.